Tracking the plant-based protein movement
Does it seem like it’s difficult to keep track of all the news in the plant-based space?
From plant-based burgers to chick’n nuggets, companies have launched a variety of new products in recent months and acquired brands to get prime products in the alternative protein space. Investors have also poured more than $16 billion into U.S. plant-based and cell-based meat companies in the past 10 years — $13 billion of it in 2017 and 2018.
The numbers show that trend continuing. Growth of plant-based protein and meat alternatives is projected to increase from $4.6 billion in 2018 to a whopping $85 billion in 2030, according to investment firm UBS.
With consumers pushing for both healthier and more sustainable diets, the space is primed for continued growth. A recent study from DuPont Nutrition & Health found that 52% of U.S. consumers are eating more plant-based foods and they believe it makes them feel healthier.
Plant-based products are shaping some of the biggest companies’ portfolios as many are trying to get into the red-hot sector. Click on company names, product types or business action to see which products, investments and controversies are going on. This tracker will be continually updated.